Great-West Lifeco’s (GWO) “Neutral” Rating Reaffirmed at Dundee Securities
Dundee Securities restated their neutral rating on shares of Great-West Lifeco Inc. (TSE:GWO) in a research report report published on Wednesday morning. They currently have a C$32.00 target price on the stock.
A number of other brokerages have also recently commented on GWO. TD Securities restated a hold rating and set a C$36.00 price target on shares of Great-West Lifeco in a research note on Friday, August 5th. Scotiabank reiterated a sector perform rating and issued a C$37.00 target price on shares of Great-West Lifeco in a research note on Thursday, August 4th. Canaccord Genuity cut shares of Great-West Lifeco from a hold rating to a sell rating and lowered their target price for the stock from C$34.00 to C$33.00 in a research note on Tuesday, July 26th. Barclays PLC lowered their target price on shares of Great-West Lifeco from C$33.00 to C$32.00 and set an equal weight rating on the stock in a research note on Friday, August 5th. Finally, CSFB lowered their target price on shares of Great-West Lifeco from C$36.00 to C$34.00 and set an underperform rating on the stock in a research note on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Great-West Lifeco presently has an average rating of Hold and a consensus price target of C$34.18.
Shares of Great-West Lifeco (TSE:GWO) opened at 33.07 on Wednesday. The company has a market cap of $32.78 billion and a PE ratio of 12.22. Great-West Lifeco has a 1-year low of $30.83 and a 1-year high of $37.10. The firm’s 50 day moving average is $31.65 and its 200-day moving average is $34.13.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be issued a dividend of $0.346 per share. This represents a $1.38 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, August 31st.
About Great-West Lifeco
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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